Play These India ETFs to Bet on Modi's Likely Election Win [Yahoo! Finance]
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Fund EPI and India Internet & Ecommerce ETF INQQ added 8.1%, 4.6% and 4.4% over the past one month (as of Apr 24, 2024). Modi Likely to Win in Ongoing General Election? India is undergoing general election. The process will continue in May as well. Votes will be counted on June 4. In the election, the market-friendly prime minister Narendra Modi is expected to win another term. Modi's tenure has seen significant investments from U.S. tech giants in India. Investors should note that sustaining a growth rate above 7% for a third consecutive year, particularly amid backdrop of a global slowdown, could significantly enhance Modi's chances of securing a third term. Along with robust economic growth, government initiatives like providing piped water and cooking gas, and the inauguration of a Hindu temple on a disputed site in the Hindu-majority nation in January are expected to enhance Modi's prospects of victory in the ongoing election. Modi's era is marked by strategic policy in
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